Final Thoughts
Final Thoughts
Written by John Packard
October 17, 2014
We have selected the hotel we will be using for our next Steel 101 workshop (January 20-21, 2014). The hotel will be the Charleston Harbor Resort & Marina and we have a great off-season rate. We should have more details on the hotel and have the reservations system set up by the middle of this week. The workshop will include a tour of the Nucor Berkeley steel mill. Details and registration are on our website.
We will begin a new flat rolled steel market survey first thing Monday morning, October 20th. Invitations should go out at approximately 8 AM ET. If you receive an invitation please take a couple of moments to click on the link to the questionnaire which is housed on SurveyMonkey.com website. We will keep the survey open until Thursday afternoon. Those who complete our questions will get a link to our Power Point presentation on Friday afternoon. Also, those of you who are Premium level members will also have the survey Power Point available on our website by Friday afternoon of this week.
Please note that I am traveling beginning early Monday morning and I will return to my office on Thursday afternoon. I will be attending an Energy Conference at LSU in Louisiana and visiting a company we are working with on a private consulting workshop on sales. I should be reachable by email, my cell phone or through my office: 800-432-3475.
I am curious to see what company will be the first one referenced as a referral on a new account. Will it be yours?
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
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Final thoughts
SMU has heard from some larger buyers who have stepped back into the market to buy at prices that, if not at a bottom, they assess to be close to one. Is it enough to stretch out lead times and send prices upward again? Or do we continue to scrape along the mid-$600s per short ton (st) as we have been doing for most of the last month?
Final thoughts
Cleveland-Cliffs Chairman, President and CEO Lourenco Goncalves had some insightful things to say today about the steel market and about a conference we suspect might be Steel Summit.
Final thoughts
They say a picture is worth a thousand words. Well, when you add in some commentary from respected peers in the steel industry to those pictures, that may shoot you up to five thousand words, at least. In that spirit, we’ve added some snapshots from our market survey this week, along with some comments from market participants.
Final thoughts
I thought we’d have more clarity this week on Section 232, Mexico, and a potential carve-out for steel melted and poured in Brazil. As of right now, the only official comment I have is from the Office of the United States Trade Representative (USTR).
Final thoughts
There are just 40 days left until the 2024 SMU Steel Summit gets underway on Aug. 26 at the Georgia International Convention Center (GICC) in Atlanta. And I’m pleased to announce that it's official now: More than 1,000 people have registered to at attend! Another big development: The desktop version of the networking app for the event has officially launched!